Sykes’ Penny Stock Millionaires Archive: February 2020
My #1 rule is to cut losses quickly, and if you are going to be a successful trader long term that is a lesson you need to learn fast.
As you know, my number one rule is to cut losses quickly, but how do you know when it’s time to cut and when you should hold on a little longer? I’ll explain my rules today so you can be prepared.
With the market volatility soaring, I thought now would be a good time to review my number one rule, and why it is so crucially important for all traders.
If you want to be a smarter, self-sufficient trader, you have to work every single day to improve your trading. Here are 5 habits that will make you a better trader.
Ok. so now you understand how important volume is, but how do you use that to trade better? Let’s jump right into it!
Volume is one of the most important indicators to look for when you are considering a trade, but what volume is good volume? I’ll give you all the details with you in today’s issue.
If yesterday wasn’t enough of a warning against shorting stocks check out these real life examples.
If you’re serious about trading for a living, then you NEED to do this after EVERY trade.
Checking in from Australia, I’m here working with Karmagawa to bring some relief after the terrible wildfires. I also want to address how I handle FOMO when I’m traveling…
If you want to succeed as a trader, you need to make use of the resources that are available for you. That means getting the best brokerage, and brokerage app, that you can.
Bull Flags are one of the clearest and easiest patterns to spot and take advantage of. Here are three examples of what they look like, and how you can invest for the highest profits.
I love patterns. Patterns are a large part of what I analyze when I’m looking for stocks to trade. There are countless types of patterns that traders look for, but there are three specific ones that I use frequently. I’ll share them with you and how you can use them in your trades.
Once you have your watchlist, there are still a few other pieces that you need to finish setting up your trading plan. Once you have your plan in place, you can trade with more confidence and be set up for success. So let’s get to it.
Trading is hard work. There are a ton of moving parts and keeping them all straight can be difficult! That’s why you need a trading plan. It will keep all the essential information you need at your fingertips so you can trade with confidence. Keep reading and I’ll show you how to set one up.
Yesterday, I dove into stock liquidity and why it’s so important to analyze before you begin trading. After my rant, you should have the importance of liquidity burned into your brain. So how do you find penny stocks that will be lucrative and have good liquidity?